EA Series Correlations

Etfs . USA . 
Etf . EA Series Trust
STXG Etf   44.65  0.41  0.93%   
The current 90-days correlation between EA Series Trust and EA Series Trust is 0.24 (i.e., Modest diversification). The correlation of EA Series is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

EA Series Correlation With Market

Modest diversification

The correlation between EA Series Trust and DJI is 0.28 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding EA Series Trust and DJI in the same portfolio, assuming nothing else is changed.
  
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in EA Series Trust. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in interest.

Moving together with STXG Etf

  0.98VUG Vanguard Growth IndexPairCorr
  0.98IWF iShares Russell 1000PairCorr
  0.97IVW iShares SP 500PairCorr
  0.97SPYG SPDR Portfolio SPPairCorr
  0.98IUSG iShares Core SPPairCorr
  0.98VONG Vanguard Russell 1000PairCorr
  0.97MGK Vanguard Mega CapPairCorr
  0.98VRGWX Vanguard Russell 1000PairCorr
  0.98QQQM Invesco NASDAQ 100PairCorr
  0.96IWY iShares Russell TopPairCorr
  0.92VTI Vanguard Total StockPairCorr
  0.94SPY SPDR SP 500 Aggressive PushPairCorr
  0.94IVV iShares Core SPPairCorr
  0.66VB Vanguard Small CapPairCorr
  0.84AXP American Express Earnings Call This WeekPairCorr
  0.77DIS Walt DisneyPairCorr
  0.81CSCO Cisco Systems Aggressive PushPairCorr
  0.73JPM JPMorgan ChasePairCorr
  0.75T ATT Inc Earnings Call TodayPairCorr

Moving against STXG Etf

  0.7PFE Pfizer Inc Earnings Call This WeekPairCorr
  0.6KO Coca Cola Sell-off TrendPairCorr
  0.45MRK Merck Company Fiscal Year End 6th of February 2025 PairCorr
  0.38HPQ HP IncPairCorr
  0.34DD Dupont De Nemours Fiscal Year End 4th of February 2025 PairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.
High positive correlations   
STXK
+ 0.83
STXV
STRV
+ 0.77
STXK
STXV
+ 0.6
STXD
STXK
+ 0.53
STXD
STRV
+ 0.38
STXV
STRV
+ 0.27
STXD
  
High negative correlations   
SHOC
- 0.13
STXV
SHOC
- 0.02
STXK

EA Series Constituents Risk-Adjusted Indicators

There is a big difference between STXG Etf performing well and EA Series ETF doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze EA Series' multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions
 
Feedback Blog
Made with optimal in San Francisco
2024 Macroaxis LLC
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY